Thu.Mar 14, 2024

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In an era of AI, skill building is a top organizational priority, LinkedIn says

Supply Chain Dive

Learning and development pros can encourage short bursts of instruction to help workers make progress in small chunks.

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Four Keys to Realizing Flexible Fulfillment of E-Commerce Orders

Supply Chain Brain

The adoption of e-commerce as the consumer’s retail channel of choice has increased by 30% post-pandemic, spurring urgent mandates for e-tailers to scale operations and services.

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Gap Inc. gets a boost from retooled sourcing strategy

Supply Chain Dive

Falling commodity costs have lifted margins, while leaner inventories have helped improve operations and reduced markdowns.

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Meet AI in Sourcing

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation series) and despite being a consistent ‘hot topic’ for well over a decade now, continues to grow and evolve each year in the procurement industry. In this series of articles we explore the current state of AI in procurement technology.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Big Lots makes huge gains in closeout sourcing

Supply Chain Dive

The company has revamped its procurement strategy to focus on acquiring inventory from distressed and overstocked retailers and brands.

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NTSB: Boeing Overwrote Footage of Repairs Done to 737 MAX 9 Months Before Door Plug Blowout

Supply Chain Brain

The NTSB’s investigation into Boeing has run into another roadblock — missing surveillance video.

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More Trending

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Podcast | The Trend in Corporate Giving: Are Businesses Stepping Up?

Supply Chain Brain

Are businesses keeping up their commitment to corporate giving and social responsibility?

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Three Strikes for the New Baseball Uniform

Art of Procurement

I live in Boston, one of the greatest sports towns in the world (if we do say so ourselves). With. The post Three Strikes for the New Baseball Uniform appeared first on Art of Procurement.

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Home Depot to Open 4 New Distribution Centers in Appeal to Pro Customers

Supply Chain Brain

Roughly half of The Home Depot’s customers are home improvement professionals, and the company wants more.

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Using Your End Of Year Budget for L&D Effectively

Skill Dynamics

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development. With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Watch: What Do Supply Chain Executives Want From Marketers?

Supply Chain Brain

Randy McClary, lead solutions architect with grocery supercenter chain Meijer, shares tips on how marketers of supply chain services can successfully convey their message to buyers.

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A Hoarding Explanation for the Post-COVID Inflation for Goods

SCMR (Supply Chain Management Review)

Inflation continues to impact the U.S. economy, but could a fear of supply shortages have caused a hoarding of materials and contributed to inflation’s rise?

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The Secret Sauce to Profitable Rebate Programs

Supply Chain Brain

Rebates have long offered the potential of a win-win-win for manufacturers, distributors and customers, but they are burdensome if not well managed.

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February retail sales see annual and sequential gains, reports Commerce and NRF

SCMR (Supply Chain Management Review)

Commerce reported that February retail sales, at $700.7 billion, rose 0.6% compared to January and were up 1.5% annually.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Getting started with Kafka client metrics

IBM Supply Chain Blog

Apache Kafka stands as a widely recognized open source event store and stream processing platform. It has evolved into the de facto standard for data streaming, as over 80% of Fortune 500 companies use it. All major cloud providers provide managed data streaming services to meet this growing demand. One key advantage of opting for managed Kafka services is the delegation of responsibility for broker and operational metrics, allowing users to focus solely on metrics specific to applications.

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Why should companies be held liable for their extended supply chain?

Procurement Insights

I just read this EURACTIV article in its entirety – even re-read a few sections. Many points stood out to me, but it is the second last paragraph that cuts right to the chase: “Even if the legislation was considerably “watered down” from Parliament’s initial “ambitious position,” “the EU needs this directive because, for the first time in [EU] history, businesses are held accountable for human, environmental or labour abuses across their production

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Tackling AI’s data challenges with IBM databases on AWS

IBM Supply Chain Blog

Businesses face significant hurdles when preparing data for artificial intelligence (AI) applications. The existence of data silos and duplication, alongside apprehensions regarding data quality, presents a multifaceted environment for organizations to manage. Also, traditional database management tasks, including backups, upgrades and routine maintenance drain valuable time and resources, hindering innovation.

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What is the True Value of ESG?

Barkers Procurement

Series 1 / Part 2 ESG. Some would argue one of the key areas of focus for procurement in 2024. Others would question the value of ESG and what tangible benefits a company can derive through engaging in ESG principles, behaviours and action. To understand the true value of ESG let’s start by defining what ‘value’ is. The Oxford English dictionary defines ‘value’ as: Noun The regard that something is held to deserve; the importance, worth, or usefulness of something.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Maximizing business outcomes and scaling AI adoption with a Hybrid by design approach 

IBM Supply Chain Blog

For established businesses, the debate is settled: a hybrid cloud approach is the right strategic choice. However, while embracing hybrid cloud might be intrinsic, clients continually seek to derive business value and higher return on investment (ROI) from their investments. According to a study conducted by HFS Research in partnership with IBM Consulting®, only 25% of surveyed enterprises have reported solid ROI on business outcomes from their cloud transformation efforts.

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Chances of a Weather-Roiling La Niña This Year Are Now Above 80%

Supply Chain Brain

La Niña can lead to droughts in South America and California, and more rain across parts of Indonesia and Australia.

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The future of 5G: What to expect from this transformational technology

IBM Supply Chain Blog

Since its rollout in 2019, 5G wireless networks have been growing in both availability and use cases. Apple was one of the first manufacturers to test the appetite for 5G in 2020 by offering its newest iPhone with 5G compatibility. From there, the floodgates opened, and today as much as 62% of smartphones are built with 5G connectivity (link resides outside ibm.com.

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GEODIS Launches Multi-Carrier Parcel Shipping Solution for E-Commerce Fulfillment

Supply Chain Brain

The new software offers direct carrier connections to customers to reduce manual uploads of rates and surcharges to optimize e-commerce fulfillment

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Procurement 6 – March 15th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – March 15th, 2024 appeared first on Art of Procurement.

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The Good, the Bad, and the Ugly of ChatGPT AI? (One Year Later)

Procurement Insights

EDITOR’S NOTE: One year ago today, I posted the following to LinkedIn and received some notable reactions regarding the ChatGPT controversy. How might these opinions change now that we have “experienced” ChatGPT? Great post by Bernard Marr – so, what is The Good, the Bad, and the Ugly of ChatGPT AI ? (source: Sergio Leone) Here are my thoughts: I love the power of algorithms and AI’s capabilities.

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Sustainable Supply Chain: Accessing Your Supply Base – Part 1 Remote Assessment

Positive Purchasing

Jonathan O’Brien, CEO of Positive Purchasing , author, and global procurement thought leader, outlines his effective approach to assessing the current levels of sustainability in your supply chain, then prioritizing where and how to focus your resources to make the greatest positive impact. He examines this fully in his definitive work on this fast-evolving subject, Sustainable Procurement.

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Biden Admin Hands Out $50 Million in Grants for Crucial Transportation Safety Projects

Supply Chain Brain

The grants will fund 34 projects across 22 states, the District of Columbia, and Puerto Rico.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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Biden administration boosts EV supply chain with $2B lithium loan

Supply Chain Dive

The money will go towards constructing processing facilities at Lithium Americas' upcoming project, expected to produce 40,000 tons of the material a year beginning in 2027.